“We Go Where the Ideas Are”: Emerging Market Hedge Fund Pembroke Gathers Pace with Fundamental Focus (Hedge Week)
Since launching in early 2018, Pembroke Emerging Markets – a London-based global long/short equity hedge fund led by former Goldman Sachs trader Sanjiv Bhatia – has capitalised on demographic shifts in emerging economies with a fundamental, bottom-up stock-picking style which uses convexity plays to boost alpha generation. Finding “good companies to go long on, and bad companies to short” is how CIO and founder Bhatia summarises the firm’s trading approach. “That’s the core essence of what we’re trying to do; understanding the business model and understanding why a company can generate alpha for the portfolio,” Bhatia tells Hedgeweek.
Broadcom Inc (AVGO) President and CEO Hock E Tan Sold $30.5 million of Shares (Guru Focus)
President and CEO of Broadcom Inc., Hock E Tan, sold 78,125 shares of AVGO on 11/24/2020 at an average price of $390.2 a share. The total sale was $30.5 million. Broadcom Inc is engaged in designing, developing and supplying analog and digital semiconductor connectivity solutions. Its product portfolio serves wired infrastructure, wireless communications, enterprise storage and industrial and other end markets. Broadcom Inc has a market cap of $159.76 billion; its shares were traded at around $394.95 with a P/E ratio of 73.93 and P/S ratio of 7.11.
Insider Trading: November 30, 2020 (BIV.com)
Insider Wilhelm K. T. Zours, 10% owner. Company: Skeena Resources Ltd. (TSX:SKE). Shares owned: 14,901,081. Trade date: Nov 19, 23, 24. Trade total: $954,992. Trade: Acquisition of 413,200 shares at prices from $2.26 to $2.40 per share. Insider Jerry Kroll, director. Company: Electrameccanica Vehicles Corp. (Nasdaq:SOLO). Shares owned: 3,948,403. Trade date: Nov 19, 20. Trade total: US$799,344. Trade: Sale of 93,600 shares at a price of US$8.26 to US$8.82 per share.
A Director at Sysco (NYSE: SYY) is Selling Shares (Analyst Ratings)
Yesterday, a Director at Sysco (SYY), Nelson Peltz, sold shares of SYY for $88.87M. Following Nelson Peltz’s last SYY Sell transaction on May 19, 2020, the stock climbed by 20.7%. In addition to Nelson Peltz, one other SYY executive reported Sell trades in the last month. The company has a one-year high of $85.98 and a one-year low of $26.00. Currently, Sysco has an average volume of 865.31K. SYY’s market cap is $36.51 billion and the company has a P/E ratio of -1433.60.
Planet Fitness Inc (PLNT) CEO Christopher Rondeau Sold $6.8 million of Shares (Guru Focus)
CEO of Planet Fitness Inc, Christopher Rondeau, sold 89,890 shares of PLNT on 11/24/2020 at an average price of $75.17 a share. The total sale was $6.8 million. Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. It has approximately more than 8.7 million members and more than 1,200 stores in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic.
